22/5 Kingsway Place, Townsville City QLD 4810
22/5 Kingsway Place, Townsville City QLD 4810
1-bed, 61m² modern unit with parking | 2014 build in central Townsville City | Investor-oriented compact floorplan | Self-contained with balcony
This unit sits in a well-positioned pocket of Townsville City, built in 2014 which places it newer than much of the older apartment stock found in established inner areas. The 61m² floorplan with one bedroom, one bathroom and a dedicated car space is a standard low-maintenance configuration that suits single professionals, couples or downsizers seeking central living without the upkeep of a house. The self-contained format with balcony adds practical appeal for occupiers who value private outdoor space in a dense environment. The property’s compact footprint and modern build make it a natural fit for investors targeting rental demand from city workers or short-stay visitors, given its proximity to the CBD and nearby attractions like ReefHQ Aquarium.
The 2014 construction may mean body corporate fees are established but not necessarily low, and the unit’s inner-city position could bring typical trade-offs like reduced privacy and more surrounding activity compared to suburban alternatives. The compact 61m² size might limit appeal for buyers seeking more generous living areas, and the lack of confirmed floor level or orientation means natural light and views remain unverified factors that could influence perceived value. Without verified rental data or school catchment details, the property’s income potential and family buyer appeal are harder to assess, so a prospective buyer should weigh these unknowns against the central location and modern build when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 22/5 Kingsway Place, Townsville City QLD 4810
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Townsville City presents as a dynamic urban hub with a young professional demographic, driving demand as childless couples and investors compete for limited stock. The market shows divergent trends, with unit values demonstrating stronger momentum than houses. Future growth is underpinned by high buyer demand and constrained new supply due to declining building approvals, though this tight inventory also presents a key market constraint.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1970m²
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